The potential NOI and cash flows seem to be roughly double what a comparable ‘vanilla’ multi-family would be at the same purchase price (such as a 3-unit apartment building).Many of the 14 bedrooms had not been fixed up in decades.

So my Wife Lori has done business as a broker in that community for decades and knew the tricks so ..

But the trend to moving south is so strong that it might take decades before it reverses.

I bought my stuff cheap for cash, most over a decade ago.We still find distressed properties and motivated sellers willing to get rid of unwanted properties cheap that we fix up and rent out.I also use cash from my self directed IRA to also buy properties for cheap.

You'll learn about all aspects of management and can learn more in one year than most managers learn in a decade, all while earning a decent paycheck.

Testimonial for Subto Real Estate Education & Mentor Group:I've been an active real estate investor for nearly three decades, having delved deep into the intricacies of the industry.

I know it has had a rough decade or so but I believe things have been improving over the last few years.

However when their use is not properly executed you lose most of its benefit as the front loaded costs were charged no matter what.Some people don’t have the proper mindset to stay on course for many years and should stay away from them as it takes almost a decade of careful execution to start benefiting from their powerful benefits.I hate people in these forum dealing in absolute.

So, annualized returns fall as the decades roll and you slowly pay off the mortgage. 

We have reached out to every buyer/seller agent as well as previous owners to try and get statements proving it was an apartment.The issue is... now we need plans drawn up, a permit issued, and a city inspection on something that was converted decades ago and will cost thousands of dollars and time.